ArcelorMittal, AK Steel, Nucor and US Steel submitted petitions requesting an investigation into the origin of CRC and HDG products from Vietnam asserting the substrate was Chinese HRC and therefore China was circumventing the AD and CVD sanctions levied by the D.O.C.Both the Federal Reserve and Bank of Japan made monetary policy announcements last week with the Fed voting to maintain the current fed funds rate and the Bank of Japan announcing their intentions to push yields on 10 year Japanese government bonds down to 0%.Last Friday, Essar Steel Algoma obtained an order from the Ontario Superior Court of Justice extending the stay of proceedings under the Companies’ Creditors Arrangement Act to January 31st, 2017. This included an amendment and extension to the existing Debtor-In-Possession financing facility also to January 31st, 2017, which included an additional $35m of liquidity. Essar also confirmed that the majority of their debt holders have reached agreement on a plan to recapitalize the steel mill through either a restructuring or by acquiring most assets of Essar Steel Algoma. The agreement proposes an investment of up to $425m, a reduction of the Company’s funded debt by approximately $1.15b and a reduction of annual cash interest expense by approximately $125m.Domestic flat rolled steel prices took another leg lower with the range of HRC indexes now between $530 and $561. Prices in Europe gained $9 to around $440/st.